New Construction Medical/Retail

19304 Katy Freeway | Houston, TX

Property Overview

OLDHAM GOODWIN is pleased to present for sale a 14,000 SF Medical/Retail property located in a high growth retail & healthcare node. The new construction building is anchored by Excel Urgent Care who will be leasing back their space for 10 years with 3% annual increases. The remaining space is ideal for a partial owner/user or a value-add opportunity for an investor.

Property Highlights

For Sale or Lease

Located on Interstate 10 with over 200,000 VPD at Greenhouse Road with nearly 28,000 VPD

The property is just outside Houston’s Energy Corridor, one of Houston’s most important business districts with more than 20% of Houston’s Fortune 500 companies, 119,000 jobs supported and $24.2B in economic output

Excel Urgent Care began in 2006 and operates three locations around Houston

Adjacent to a forthcoming Plucker’s Wing Bar

Surrounding tenants include Shake Shack, CAVA, Tim Horton’s, Ideal Dental, At Home, LA Fitness, and multiple restaurants

Surrounded by single family neighborhoods

2,350+ apartment units on Greenhouse Rd. in the 1 mile stretch between Saums and I-10

Average Household Income above $100,000 within 1-, 3-, and 5-miles

Spending potential index significantly above average (ESRI)

ESRI Retail Demand Outlook projects spending growth of 46% by 2029

Less than half a mile to Texas Medical Center West Campus highlighted by Houston Methodist West Hospital - full service, 263 beds, 1,437 affiliated physicians, 2,160 employees, 16,196 admissions, 223,054 outpatient visits, 58,818 emergency room visits; and Texas Children’s Hospital West - 492,000 SF, 48 inpatient beds with space for an additional 48 beds, four operating rooms, a 14-bed pediatric emergency center, and a 220,000-square-foot outpatient clinic wing